Harvest Global Investments has launched the very first actively managed Ucits fund which invests in the China A shares equity market and provides daily liquidity.
The Harvest China A Shares Equity fund is the result of a partnership between Heptagon Capital and Harvest Global Investments.
London based asset manager Heptagon is launching the fund on its Irish Ucits platform, where Harvest has been appointed the sub-investment manager.
The fund is available with a sterling share class and is accessible by retail investors with a minimum investment of $15,000 (£8,900).
The Harvest portfolio managers will use a growth at a reasonable price (‘Garp’) approach, and target firms with superior growth and quality.
The firm asserted it will use a bottom-up stock picking strategy, with a long-term outlook based on company fundamentals which invests in a concentrated portfolio of high conviction stocks that trade in RMB.
Peng Choy, chief executive officer at Harvest Global Investments said: “Harvest was one of the first groups to receive RQFII (Renminbi Qualified Foreign Institutional Investor) status in 2011, and since then we have been at the vanguard of efforts to allow international investors to gain exposure to the economic opportunities in China and indeed the wider Asian markets, across all asset classes.
“We are now bringing our actively managed China A Share equity strategy to a wider geographical investor base through our sub-investment manager role for Heptagon’s Irish regulated Ucits fund vehicle.”
